Average Business and Financial Operations Occupations Salary in Virginia
Professionals in Business and Financial Operations Occupations in Virginia earn a compelling average annual salary of $101,210, significantly surpassing the national average of $94,590. This premium is largely driven by Virginia's robust economic landscape and the high demand for specialized financial expertise within the state's diverse industries.
Executive Summary
- Average Salary: $101,210 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,390.
- Outlook: Virginia's job market for Business and Financial Operations Occupations is notably strong, evidenced by a substantial local workforce of 394,760 individuals. The Location Quotient of 1.45 indicates a concentration of these roles that is 45% higher than the national average, suggesting a thriving and in-demand sector within the state.
Salary Overview
The average Business and Financial Operations Occupations in Virginia earns+7.0%above the national average.
$48.7
$1,946
$8,434
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive growth trajectory for salaries within Business and Financial Operations Occupations in Virginia over the past four years. Economic expansion, increasing complexity in financial regulations, and a growing need for strategic financial planning typically drive consistent salary increases in this sector.
Business and Financial Operations Occupations Salary Distribution in Virginia
Compensation within Business and Financial Operations Occupations naturally scales with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can reach significantly higher figures. The percentile gaps between different experience levels highlight clear pathways for career progression and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,030 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,908 | $36.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,050 | $44.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $126,513 | $60.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $163,390 | $78.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$101,210
Gross Pay
Real Wage (Purchasing Power)
$99,813
Adjusted for COL (101.4)
The average annual salary of $101,210 in Virginia presents a favorable financial outlook when considered against the local Cost of Living Index of 101.4. This index indicates that the cost of living is only slightly above the national average, meaning that the higher nominal salary in Virginia offers a strong purchasing power and a good standard of living for professionals in this field.
Job Market Context
394,760
Total Jobs
97.121
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, Virginia has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.45, Virginia demonstrates a significant concentration of Business and Financial Operations Occupations compared to the national average. This suggests a competitive yet abundant job market, where employers actively seek skilled professionals, and employees benefit from a wider array of opportunities and specialized roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Business and Financial Operations Occupations Salary | $90,440↓ 11% | 25 mi |
| Richmond, VA Business and Financial Operations Occupations Salary | $89,920↓ 11% | 41 mi |
| Staunton-Stuarts Draft, VA Business and Financial Operations Occupations Salary | $73,630↓ 27% | 56 mi |
| Harrisonburg, VA Business and Financial Operations Occupations Salary | $75,960↓ 25% | 60 mi |
| Lynchburg, VA Business and Financial Operations Occupations Salary | $78,780↓ 22% | 61 mi |
Comparing salaries near Virginia
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Virginia?
The median annual salary for a Business and Financial Operations Occupations in Virginia is $101,210. This typically ranges from $50,030 for entry-level positions to $163,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 7.0% higher than the national median of $94,590.
Is Virginia a lucrative place for Business and Financial Operations Occupationss?
Yes, Virginia offers a lucrative environment for Business and Financial Operations Occupations.The state boasts an average salary significantly above the national average and a higher concentration of these roles, indicating strong demand and competitive compensation.
Is Virginia a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Charlottesville, VA ($90,440) and Richmond, VA.
How does Virginia's average salary compare to the national average for this field?
Professionals in Business and Financial Operations Occupations in Virginia earn an average of $101,210 annually, which is notably higher than the national average of $94,590.
What does the Location Quotient of 1.45 mean for job seekers?
A Location Quotient of 1.45 signifies that Business and Financial Operations Occupations are 45% more concentrated in Virginia than the national average, indicating a robust and active job market with numerous opportunities.
How does the cost of living in Virginia affect the salary?
Virginia's Cost of Living Index is 101.4, just slightly above the national average. This means the higher average salary of $101,210 provides good purchasing power for residents.
What is the total workforce size for these occupations in Virginia?
Virginia employs a substantial 394,760 individuals within Business and Financial Operations Occupations, underscoring the sector's significant presence in the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 394,760 employees in the Virginia area with a job density of 97.121 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Virginia